Circle of Life 😂

💰 BTC long-term holders have sold about 405,000 Bitcoin in the last 30 days.

Looks like some old wallets are finally taking profits after the recent run.

$BTC lost $1B in open interest after yesterday’s sell-off.

It started to recover this morning but then dropped another $800M.

Even after that big flush, open interest didn’t make new lows.📉

This could mean most of the liquidity below is already gone, or some longs are still holding on tight and haven’t been wiped out yet.

We're going through one of these cycles every few hours at this point. Insanity.😏

💰 $ETH is leading the stablecoin supply changes in the last 24 hours

Looks like a lot of stablecoins are moving on Ethereum, which could mean traders are getting ready to make some big moves.

Here’s why we’re not seeing a real altseason right now 👇

➡️ Too many altcoins and not enough money moving around.

➡️ Most people trading perps instead of spot.

➡️ Liquidity way lower than 2021.

➡️Big money only buying BTC and ETH.

➡️ No new hype or story to push alts up.

➡️ New coins launching with crazy high values already.

➡️ Retail money sitting in stocks instead of crypto

Feels like the fun’s missing for now, but the next big wave will hit once the dust clears 😵‍💫